Shares of Ahluwalia Contracts (India) Limited moved sharply higher by over 7% on Friday after the company disclosed the receipt of a significant construction order from the Central Public Works Department (CPWD), New Delhi. As of 11:52 AM IST, the stock was trading at ₹938.00, up 4.73% from the previous close.
The order has been awarded through the Central Vista Project Division-12 and is part of the ongoing redevelopment of India’s core administrative infrastructure. Under this contract, Ahluwalia Contracts will undertake the construction of Common Central Secretariat Buildings 8 and 9, located at Plot No. 23 B and C on Maulana Azad Road in New Delhi. The scope includes engineering, procurement, and construction, classifying it as a comprehensive EPC civil construction project.
The total contract value stands at ₹3,069.70 crore, inclusive of GST. The execution timeline for the project is 21 months from the date of commencement. The order has been awarded by a domestic entity and remains entirely within the civil construction segment.
The company also clarified that neither the promoter nor the promoter group has any interest in the awarding authority. In addition, it confirmed that the contract does not fall under related-party transactions, indicating that the order has been secured on an arm’s-length basis and in line with regulatory requirements.
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